I think they've already signed it and AHZ is debt free, they don't have any secured creditors. Any TO by SB will require share holder approval and SIO are the other big holder at 8c. They will likely want to sell at this price or a bit lower/higher so if they don't get that offer, IMO, they will likely let AHZ borrow some more funds (likely as loan since they don't want to dilute their existing shares) but this is provided AHZ can curb their high salary cost (which is something you can easily control).
"Under the executed Memorandum of Understanding, Admedus will hold 29.1% of a new company which will own Admedus Vaccines, and Star Bright will contribute $18 million to the new company for 60% of the equity in this company."
Ann: Preliminary Final Report for period to 31 December 2018, page-35
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